According to a recent tweet by Vergecurrency, there has been a delay in their blockchain due to a DDOS attack which raises questions of security concerns in the community. Currently, there is a FUD in the Verge community. There has been chaos as they have seen such hacks and crashes even in the past.
Despite the attack, investors are expecting the temporary decrease in the prices as an opportunity rather than a threat in their investment. In its Twitter community, there have been witty responses and genuine concerns.
toefur, a Twitter user commented:
“Full faith in the Verge Devs !! #vergefam . mean while I’ll keep buying the dip.”
Verger Army [XVG] commented:
“Doing some research maybe we should ask all the mining pools to impliment Response Rate Limiting(RRL) walls in their code.”
Daniel Eberhardt, an optimistic twitter user commented:
“This is gonna cause a temporary decrease in price. The few that see this as an opportunity instead of a threat are the ones that will reap the rewards in the future.”
However, despite the vulnerability of the community at present, Vergecurrency posted in the comment section about their current competition, a giveaway of 10,000 ETH. The investors are expecting a new price discount on the token. In the cryptocurrency world, DDOS attacks are common causing technical handicaps in the mining pool, thereby creating FUDs in the market.
Verge [XVG] is trading at a price of $0.052 with a market capital value of $785.42 million at the time of writing. It has experienced a decrease of 0.36% in the last hour on 22nd of May 2018 and a drop of 6.71% in the last 24-hours in the market. Verge [XVG] holds the 31st position in the global market of cryptocurrency as per CoinMarketCap.
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